There Is No ‘Value’ Here, So Just Stop It
Sometimes I think common sense is something that no one uses when it comes to analyzing markets, making capital allocation decisions, and/or penning market commentary. There’s a demonstrable tendency for people to get lost in the data or else find themselves blinded by the proverbial light, whether “light” is too much goal seeking on the […]
When The Next Crude Bear Market Strikes, Blame America
Crude oil remains in a bull market for one primary reason: demand growth continues to run ahead of supply growth. Looking over the longer term, crude oil prices have reacted sharply each time supply growth has moved above or below demand growth. The commodity cratered after the second quarter of 2014 once supply growth sharply […]
The Intractable Irish Question
There are three issues that the EU insists are addressed before formal discussions about the post-Brexit UK-EU relationship. These are EU citizens’ rights in the UK, the British financial commitment, and the North Ireland border with the Republic of Ireland. Progress has been reported on the EU citizens’ rights, and speculation suggests that UK Prime Minister May is prepared to shortly (within […]
The Tax Bill Comes Due
Finally, investors were reminded of the fact that stocks don’t rise in value every day like a sinecure. We even witnessed a rare $250 point drawdown in the Dow Average. In 2017, these have become as rare as hen’s teeth. You can thank the Republican Party’s proposal to delay all corporate tax cuts to 2019 for […]
All Year In The Black
With the S&P 500 currently up 15% year-to-date, we’d basically need to see a market crash for the index to close down on the year when all is said and done on December 29th, 2017 (the last trading day of the year). If the market doesn’t crash, the S&P will likely go the entire year […]
E Get Ready To Buy The Next Dip
Recently we have been pointing out how institutional investors have been quietly heading for the exit by selling stocks to cash in profits the past few weeks. The current Put/Call Ratio indicates investors are buying more put option contracts to hedge against lower near-term prices as they continue to dump stocks. Money managers continue to […]
EUR/USD: Stabilization And A Rise? Two Opinions
EUR/USD is trading at the 1.16 handle. Has it stabilized in this region? Will it move up from these levels? Here are two opinions about the current state of affairs in the pair. Here is their view, courtesy of eFXnews: EUR/USD: Signs Of Stabilization; Above 1.15 Diminish Risk Of Deeper Pullback – BTMU BTMU FX […]
A Beginner’s Guide To Bitcoin Chaos
I can’t remember a nuttier weekend in the history of Bitcoin than this one. That’s because the action gets more exciting by the day, with deeper plots, more options, growing complexities, and financial and personal drama all around. You know why? Because this technology matters enormously for the future of the world. It’s Day One […]
EC Be Aware Of Investing Biases
We can be irrational investors and have to be aware of our biases. Investing biases can cost us significant returns over time. Group Thinking, Loss Aversion, and Overconfidence are few of the prominent biases we possess. Systematic Investing diminishes the bias related underperformance evident in Active Management. Biases can be hard to eliminate but can […]
Divergences Occurring In This Market
My Swing Trading Approach There are a lot of divergences occurring in this market right now and plenty of reason to be concerned. Based on the indicators that I follow, the market has been consolidating through time for the better part of a month. I plan to be cautious with new long setups, until we […]
